Midland Area Agency on Aging

Analysis

Midland Area Agency on Aging is a registered charity in United States, based in Centralia, IL. It received its IRS tax-exemption ruling in May 1975, 51 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Midland Area Agency on Aging reported income of $3.2m and spending of $3.2m, spending 100% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.6m to $3.2m (+24%), an average of +5.4% a year. The sharpest change came in the year to September 2020, when income rose by 32%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Midland Area Agency on Aging sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within IL. Charities of a similar size with the same main cause include Association for Waldorf Education in Davis ($3.2m), YWCA of Asheville and Western North Carolina Inc ($3.2m) and Williams School ($3.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 92% and program service revenue 7.9% of the total. Compensation of current officers, directors and key employees was $117k (3.7% of expenses). Other salaries and wages came to $245k. At year end it held assets of $950k against liabilities of $441k, net assets of $509k. It reported 10 employees.